Layoffs at Loblaws

Posted by & filed under Accounting Careers, Managerial Accounting.

Description: Loblaws has announced that roughly 500 administrative staff will be laid off in a cost-cutting move. Loblaws stated the cost cutting is to help cope with rising costs – perhaps such as an increase in the minimum wage. As well, the company cited increasing competitive forces as another reason they had to give this… Read more »

Waste not, want not

Posted by & filed under Managerial Accounting.

Description: Did that article really say $31 billion? That’s the estimate of the amount of food waste in Canada each year, everything from carrots with two roots to tomatoes that are a bit too ripe. But thankfully, someone is trying to do something about it. Chef Karen Barnaby of the Greater Vancouver Food Bank is… Read more »

Google launches new hardware

Posted by & filed under Managerial Accounting.

Description: The television commercial for the new Google Pixel 2 phone shows a woman taking a bite out of an apple, and indeed, that not so subtle clue shows us some of what Google is up to. By launching a new phone ahead of Apple’s iPhone X, as well as two new digital assistants, the… Read more »

Welcome back to another academic year

Posted by & filed under Managerial Accounting.

Description: Welcome back to another academic year of Wiley’s Weekly Accounting Updates. And if you are at Dalhousie University (or King’s College) in Halifax, you might find your welcome back to campus has been accompanied by the presence of the Halifax police. A police program in force since 2004 sees enhanced patrols around the two… Read more »

Something brewing at Tims

Posted by & filed under Franchise, Managerial Accounting.

Description: Tim Horton’s franchise holders are upset with Restaurant Brands International (RBI), the famous cost-cutting owners of Tim Hortons and Burger King. The franchisees say cost cutting has gone too far, with stores now seeing inferior quality in such products as coffee pots, cup lids and trays. The Great White North Franchisee Association has been… Read more »

Westjet expands in Quebec

Posted by & filed under Corporate Strategy, Managerial Accounting.

Description: In a move that challenges rival Air Canada, WestJet has announced it is expanding operations in the Province of Quebec. Westjet is adding over 100 new flights to its roster there, hoping to draw both business and leisure travelers through lower fares. Air Canada is expected to fight back, though low fares will be… Read more »

BK expanding Canadian kingdom

Posted by & filed under Managerial Accounting, Marketing & Strategy.

Description: 3G Capital Management, the Brazilian firm that purchased Tim Hortons, is now turning its attention to Burger King. 3G has prided itself in seeking  improvements in other operations such as Kraft Foods, Tim Hortons and Heinz. Now it is turning its attention to helping Burger King’s performance in Canada catch up with rivals McDonalds,… Read more »

Luxury and privacy

Posted by & filed under Managerial Accounting, Marketing & Strategy.

Description: Last week’s news featured the rather shocking jewellery robbery at the private hotel of celebrity Kim Kardashian. In addition to all the usual reality television hype, the theft did throw a spotlight on an ‘unknown’ hotel,  L’hôtel de Pourtalè. It’s representative of a growing number of private luxury residences, attracting groups of wealthy travelers… Read more »

Ketchup wars

Posted by & filed under Managerial Accounting, Marketing & Strategy.

Description: Ketchup wars: kind of sounds like a college prank gone wrong doesn’t it.  Or maybe it’s a food fight down at the cafeteria. But Canada was treated to its own ketchup war this past week when social media came alive in support of French’s ketchup after Loblaw’s announced it was de-listing the product. Patriotic… Read more »

Slimmed down cable

Posted by & filed under Canadian Government, Managerial Accounting, Marketing & Strategy.

Description: March 1 was supposed to be a good day for cable subscribers. That was the day the cable providers were supposed to start providing a basic cable package for $25 a month – a so-called ‘skinny’ package. Consumers could then bulk up their package by choosing individual channels rather than packages designed by the… Read more »